California, Missouri Property Taxes
The median property tax rate in California, MO is 1.19%, slightly lower than the state median of 1.20% but still above the national median of 0.99%. With a median home value of $88,000 in California, the typical annual property tax bill amounts to $952, which is well below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating California's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of California or its surrounding areas, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
California, Missouri Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,400
Ownwell’s California Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in California with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in California to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across California, Missouri
Property taxes in California, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in California is 1.19%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within California set these rates annually, and they can vary significantly across different neighborhoods. Each year, California estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares California's effective property tax rate to other counties in Missouri and the national median. For comparison, the 65018 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with California provides valuable insights into the varying tax landscape across Cooper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average California Tax Rate
1.19%
Average Cooper County Tax Rate
1.38%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across California, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65018 | 0.78% | 1.00% | 1.19% | 1.26% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across California, Missouri
In California, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cooper County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In California, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in California helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 65018, with a median bill of $952.
Average California Assessed Value
$88,000
Average Cooper County Assessed Value
$83,000
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across California, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65018 | $30,900 | $49,950 | $88,000 | $140,800 | $200,700 |
Source: Ownwell
Property Tax Bills Across California, Missouri
In California, property tax bills are calculated based on the assessed value of the property, which is determined by the local county assessor's office. The assessed value is typically a percentage of the property's market value. For homeowners in Cooper County, MO, the median home price stands at $88,000. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local taxing authorities. For instance, in Cooper County, the 25th percentile tax bill is $446, while the 75th percentile reaches $1,746. At the 90th percentile, homeowners can expect a tax bill of around $2,540. Compared to the national median property tax rate of 0.99%, Cooper County's tax bills reflect a range influenced by property values and local tax policies. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average California Tax Bill
$952
Average Cooper County Tax Bill
$1,092
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across California, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65018 | $274 | $446 | $952 | $1,746 | $2,540 |
Source: Ownwell